3 Ways to Build Equity in Your Home For homeowners, equity is like an extra bank account.
Millionaire To Millenials Dont Rent A Home Buy A Home
“Homeowners are worth 40 times more than renters. Now, that first home doesn’t need to be a dream home, it can be a very small home. You might literally have to buy a small studio apartment, but that’s how you get started.”
“Don’t do a 30-year mortgage. You want to take that 30-year mortgage and instead pay it off early, do a 15-year mortgage. What happens if you do a 15-year mortgage? Well, one, you pay the mortgage off 15-years sooner, that means you’ll be able to retire in your fifties. Number two, you’ll save a fortune (on potentially hundreds of thousands of dollars in interest payments).”
“For fifteen years, you got to brownbag your lunch. Think about that! Brownbag your lunch literally for fifteen years. You can retire ten years sooner than your friends. You’ll have real wealth, because you bought a home – you’re not a renter. And you’ll be financially secure for life.”
Who is David Bach?
Angela Johnson, REALTOR, began her career in real estate in 2008 with a goal to motivate and educate others in the industry. Since then, her passion has allowed her many roles serving fellow REALTORS,....